LONDON 29th April – Research has confirmed the likely financial impact of Coronavirus on UK businesses, with 63% of companies surveyed lowering their turnover expectations for 2020, by 37% on average. 54% also reported an immediate drop in turnover in March, by an average of 45%.

The Covid-19 UK Business Barometer, conducted by Sapio Research and B2B agency Skout, shows a negative financial impact for many, 11% of respondents said their revenue went up in March by an average of 37%. 6% are expecting revenue to be higher across 2020, on average by 39%.

The research was conducted in mid-April with a cross-industry sample of 500 businesses from SMEs to large...